Best of Bootstrapping: Bootstrapped to Over $20M and Exit

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  We’re big fans of bootstrapping to exit case studies. Imagine Easy Solutions’ Co-founder and Co-CEO Neal Taparia shares his wonderful journey. They scaled the business to over $20 million in revenue without investment and sold to Chegg in 2016. Sramana Mitra: Let’s start at the very

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1Mby1M Virtual Accelerator Investor Forum: With Seong Kim, Corporate Strategy & Development at Chegg Inc. (Part 5)

Sramana Mitra: In smaller acquisitions, what role does valuation play? Seong Kim: It really depends on why you’re acquiring the business and what you’re ascribing the value of the business to. The role of valuation is always prevalent and important. The needle gets moved by the conviction that an acquirer is able to build around

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1Mby1M Virtual Accelerator Investor Forum: With Seong Kim, Corporate Strategy & Development at Chegg Inc. (Part 4)

Sramana Mitra: What have you disclosed on the valuation on this most recent acquisition? In general, how do you think about valuation? How does valuation play into your acquisition decision? Seong Kim: The valuation of this deal was approximately $436 million. This is based in London and Madrid. It’s definitely a key factor that impacts

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1Mby1M Virtual Accelerator Investor Forum: With Seong Kim, Corporate Strategy & Development at Chegg Inc. (Part 3)

Sramana Mitra: Is the driver in that acquisition strategy upselling from your current user base and giving them more products to get into? Seong Kim: Yes, it serves the two purposes that I alluded to before. It expands the suite of products and services and support we can offer to our existing base. It also

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1Mby1M Virtual Accelerator Investor Forum: With Seong Kim, Corporate Strategy & Development at Chegg Inc. (Part 2)

Sramana Mitra: Let’s do some examples. What have you been up to in the last few years that illustrates some of this framework thinking? Seong Kim: The most recent acquisition that we just announced was just over a week ago. It was the largest acquisition we’ve ever done in language learning. As a company that

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1Mby1M Virtual Accelerator Investor Forum: With Seong Kim, Corporate Strategy & Development at Chegg Inc. (Part 1)

Seong Kim, Corporate Strategy & Development for Chegg Inc. discusses exit strategy within EdTech. Sramana Mitra: Let’s start with a little bit of introduction. What path have you pursued in the industry? Then we’ll get into some specific topics. Seong Kim: I’ve been working in Corporate Strategy & Development for the past six and a

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556th 1Mby1M Entrepreneurship Podcast with Seong Kim, Chegg

Seong Kim, Corporate Strategy & Development for Chegg Inc., discusses exit strategy within EdTech.